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Analyze manufacturing accounts and determine missing amounts (LO 2, 3, 4, 5, 6) Redman corporation's fiscal year ends on November 30. The following accounts are
Analyze manufacturing accounts and determine missing amounts (LO 2, 3, 4, 5, 6) Redman corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. order data On December 1, two jobs were in process Job No. 155. These had combined direct materials cost of $9.750 and labor cost of $15, 000 Overhead was applied at a During December, Job Nos. 156, 157, and 158 were started. On December 31. Job No. 158 was unfinished. This job had charges for direct materials $3, 800 and direct labor $4.800. plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5, 000. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4, 000 Manufacturing overhead was $230 over applied in December
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